Question: How long does it take to regain good credit standing after a setback?
Answer: To answer this question I guess it depends on the setback. For example, a bankruptcy will have a significant impact on your credit; however, right after it is discharged you can start rebuilding. Some people have seen their credit scores go from the 500’s to 700’s simply by starting over the right way. Other type of derogatory accounts may take a little longer, such as collections, charge offs or judgments and it depends on whether you pay them or not. Whatever the issue, remember you have to do something to start the rebuilding process.
Submit your questions and help to educate on principles of good credit management. Contact us today for free credit consultation at 877-896-2831 or email assessment@visioncreditservices.com. Also, visit our website for more information about our services or to download a free copy of “Your First Step to Credit Restoration” at www.visioncreditservices.com.
